Wednesday, October 21, 2009

Bank of Canada left interest rates at the same level

Bank of Canada today adopted a decision to leave the refinancing rate unchanged at 0.25%.
The latest indicators show the beginning of the withdrawal of the world economy from deep recession. State of the world economy and the general trends in the financial markets have been somewhat more favorable projections, which were listed in the July report on monetary policy the Bank of Canada.
Given the current interest rate factors in Canada can not remain at current levels until the end of the second quarter of 2010 for the achievement of targeted inflation .

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